Circle Reports $1.4 Billion in H1 2026 Revenue, With 59% Going to USDC Partners and Transaction Costs

Circle disclosed that it generated approximately $1.4 billion in revenue in the first half of 2026, of which $819 million (59%) went to USDC distribution partners and transaction costs. Another $473 million (34%) was spent on licensing, banking relationships, settlement liquidity, compliance, and product development, leaving approximately 7% as net profit.

Circle also stated that customers using the Circle Payments Network (CPN) and eligible Circle Platform customers can now access free, near-real-time USDC redemptions around the clock. USDC recorded more than $36 trillion in on-chain transaction volume in H1 2026, accounting for approximately 77% of global stablecoin transaction volume in June, according to Circle. — link